3 NSE Financial Stocks See Bullish Momentum
NSE's Nifty Bank and Nifty Financial Services sectors show strength as Axis Bank, Jio Financial, and LIC Housing Finance all turned bullish with high
- Visit the stock pages: AXISBANK, JIOFIN, LICHSGFIN
- Sector BANKNIFTY , which ranks #2 for Relative Strength (Altra Sector score of 80.0 with bullish regime.)
The broader NSE market has seen improving breadth, with the Altra Market score – which measures the percentage of stocks above key Exponential Moving Averages (EMAs) across the market – currently at 59.6. This suggests a more favorable environment, though the advice remains to be selective and favor high-quality setups. Within this context, three prominent stocks across the Nifty Bank and Nifty Financial Services sectors have recently shown significant shifts toward bullish momentum, as indicated by their Altra Score – a 0-100 momentum score derived from EMA alignment and RSI trend across daily, weekly, and monthly timeframes; a higher score indicates more bullish momentum.
Axis Bank Ltd. (AXISBANK)
Axis Bank has made a notable shift, with its Altra Score climbing from 42.6 (Neutral) to 80.7 (Strong Bullish) on July 17, 2026. This significant jump places it firmly in a strong momentum phase. The stock resides within the Nifty Bank Sector, which itself boasts a robust Altra Sector score of 80.0, ranking second among all sectors and indicating a strong bullish stance. The Altra Sector score applies the same momentum analysis to a sector, adding a relative-strength rank against peers. Nifty Bank is characterized as a confirmed leader with accelerating momentum, evidenced by a positive 4-week Relative Strength (RS) trend (+0.33) and a healthy EMA spread of 3.86. Technically, Axis Bank's daily, weekly, and monthly RSI values are all in favorable territory (50.98, 54.26, 62.3 respectively), and the stock is trading above its key EMAs. A bullish weekly EMA crossover was observed back on October 3, 2025, further reinforcing its top-down aligned positive momentum.
Jio Financial Services Ltd. (JIOFIN)
Jio Financial Services has transitioned from a bearish phase to a bullish one, with its Altra Score moving from 21.1 to 67.9 on July 17, 2026. This substantial shift indicates a positive change in its underlying momentum dynamics. JIOFIN is part of the Nifty Financial Services Sector, which holds an Altra Sector score of 61.0, ranking fourth and also signaling a bullish regime. This sector, like Nifty Bank, is identified as a confirmed leader and is accelerating, marked by a strong 4-week RS trend (+0.50) and an EMA spread of 1.20. While the stock saw a bearish Weekly EMA Crossover on January 9, 2026, its current Altra Score reflects a broader momentum picture. Jio Financial Services is currently positioned above its key EMAs, and its daily RSI is at 54.93, with weekly and monthly values at 44.11 and 44.85, respectively, indicating a nascent positive trend despite some longer-term RSI softness.
LIC Housing Finance Ltd. (LICHSGFIN)
LIC Housing Finance also experienced a notable momentum shift, with its Altra Score advancing from 21.7 (Bearish) to 72.4 (Bullish) on July 17, 2026. This marks a strong reversal in sentiment for the stock. Like Jio Financial Services, LICHSGFIN is a constituent of the Nifty Financial Services Sector, which maintains a bullish Altra Sector score of 61.0 and is categorized as an accelerating leader. The sector's momentum is supported by a 4-week RS trend of +0.50 and an EMA spread of 1.20. From a technical perspective, LIC Housing Finance is trading above its key EMAs, and its daily and weekly RSI values (50.67 and 52.16) show constructive momentum, while the monthly RSI is at 47.28. A bullish Weekly EMA Crossover on May 8, 2026, also aligns with its current bullish Altra Score, suggesting a broad alignment of positive signals for the stock.
What is the Altra Score? The Altra Score is AltraOne's proprietary momentum score for individual stocks, ranging from 0 to 100. It measures EMA structure and RSI momentum across multiple timeframes. A score above 60 is Bullish, below 40 is Bearish, and 40–60 is Neutral. The score is updated every trading day after market close based on end-of-day data.
Explore the full Signal History on AltraOne to see every EMA crossover signal across your watchlist — going back 52 weeks. The weekly EMA crossover is AltraOne's highest-conviction intermediate momentum signal; the Signal History page lets you track how these have played out over time.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.